Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The Bonehead Bond Buyer regurgitates the blind-as-a-bat credit rating agencies’ talking points well in this one. This latest round of press releases sound like a bunch of classic CYA to me. For years, the financial conditions that shaped the current stern-up profile of S.S. City of Chicago finances were obvious to all capable of thinking and breathing at the same time. The BAAB rating agencies either willfully ignored Chicago’s bow dipping under the water, or they lack the objectivity they claim to hold dear. In any case, with the stern high in the air and the forecastle long submerged it… Read more »
Fitch upgraded Chicago as recently as 2024. Now, what exactly do we know now that wasn’t knowable then? Nothing, I’d say.
Perhaps a better question would be: “What has changed since 2024?”
We get the same answer: Nothing.